BANGKOK – Motorists in Thailand can breathe a sigh of relief as retail fuel prices saw a significant drop starting early Friday morning. In an effort to align with cooling global market trends and provide immediate financial relief to households, major fuel operators have implemented price cuts for both diesel and petrol products.
The price adjustment, which officially took effect at 5:00 AM on April 17, 2026, follows a key decision by the Fuel Fund Management Committee. The move is designed to pass on the benefits of a softening international oil market to Thai consumers, who have been grappling with high energy costs.
Breaking Down the Savings: Diesel and Petrol Price Cuts
According to announcements from PTT Station (OR) and Bangchak, the price reductions are split into two main categories:
- Diesel Products: A substantial cut of 1.50 Baht per litre.
- Petrol and Gasohol: A reduction of 0.50 Baht per litre.
These changes apply to a wide range of fuels used by daily commuters and logistics providers alike. By lowering these costs, the government aims to reduce the “burden on the pockets” of citizens while simultaneously stabilizing the country’s energy fund.
New Retail Prices in Bangkok
Following the committee’s decision, the new retail prices in Bangkok (excluding local maintenance tax) have been updated. Here is a look at what you will pay at the pump today:
Petrol and Gasohol Group:
- Benzine: 52.04 Baht per litre
- Gasohol 95: 42.45 Baht per litre
- Gasohol 91: 42.08 Baht per litre
- Gasohol E20: 35.45 Baht per litre
- Gasohol E85: 31.39 Baht per litre
- Premium Options: Prices for high-performance fuels like Super Power Gasohol 95 and Gasohol 98+ have also been adjusted downward accordingly.
Diesel Group:
- Standard Diesel (B7): 42.90 Baht per litre
- Diesel B20: 35.90 Baht per litre
- Premium Diesel: Prices for premium variants now range between 64.80 and 65.30 Baht per litre.
The primary driver behind this price drop is the shifting landscape of the global oil market. Data from the Singapore trading hub—a benchmark for the Asian market—showed a noticeable decline in prices on April 16.
Reports indicate that diesel prices dropped by roughly US$1 per barrel, while petrol prices saw a steeper decline of about US$3 per barrel. This downward trend gave Thai authorities the necessary “room” to adjust the local price structure without compromising the nation’s energy security.
Strengthening Thailand’s Fuel Oil Fund
Beyond helping consumers, this price revision plays a critical role in managing the National Fuel Oil Fund. For months, the fund has been heavily subsidizing fuel to keep prices stable, resulting in a massive daily expenditure.
With these new adjustments:
- Reduced Debt: The fund’s compensation burden is expected to drop from over 1.2 billion Baht per day to approximately 113.83 million Baht.
- Increased Liquidity: By reducing daily payouts, the fund can rebuild its reserves.
- Future Protection: A healthier fund means Thailand will be better prepared to handle any future energy crises or sudden price spikes in the global market.
While the current news is positive, energy experts continue to monitor global geopolitical factors that could influence future prices. For now, the combination of a weaker global market and strategic fund management has provided a much-needed win for Thai drivers.
Whether you are a professional truck driver or someone commuting to work in a small car, the extra savings at the pump are a welcome change as the country navigates a complex economic period.
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